White House and Senate strike deal on $2 trillion stimulus package

US agrees on $2 trillion relief package to counter coronavirus effects

The unanimous vote Wednesday came despite misgivings on both sides about whether it goes too far or not far enough and capped days of hard negotiations as Washington confronted a national challenge unlike it has ever faced.

By Wednesday morning, 199 New Yorkers had died from the disease and confirmed cases had reached 17,856.

Senate Minority Leader Chuck Schumer said on the Senate floor that passing the massive spending bill was "not a moment of celebration but one of necessity".

"Let us marshal this government into action". "It will rush new resources on to the front lines of our nation's healthcare fight, and it will inject trillions of dollars of cash into the economy as fast as possible to help American workers, families, small businesses and industries make it through this disruption and emerge on the other side ready to soar", he added.

The bill additionally provides up to $350 billion in federally-guaranteed loans for small businesses, and $500 billion for companies in distress because of the pandemic.

The United States has the third-highest number of infections globally behind China and Italy.

What's the latest from the virus hotspot of NY?

"Democrats: This is not the time to advance your legislative agenda", he tweeted before the bill passed the Senate late Wednesday.

"In my view, it would be an outrage to prevent working-class Americans to receive the emergency unemployment assistance included in this legislation", Sanders said in a statement.

USA coronavirus deaths are around the 1,000 mark and there have been almost 70,000 confirmed infections.

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But the governor pointed to evidence suggesting strict stay-at-home orders and social distancing measures have slowed the hospitalization rate. If they are successful, it will arrive on President Donald Trump's desk to be signed by the end of what used to be the workweek.

Treasury Secretary Steven Mnuchin rebuffed the Republican senators' concerns over the bill, contending this will help those who involuntarily lost their jobs. We didn't seek it.

Birmingham, Alabama and Charlotte, North Carolina have become the latest major U.S. cities to order residents to stay indoors.

It followed days of vicious partisan infighting over what to include, in what ultimately may be the largest emergency rescue package lawmakers have ever passed.

The $2 trillion (€1.85 trillion) pandemic response measure is the largest economic rescue in history and is meant to help an economy moving towards recession.

It dwarfs the bailouts of 2008, when a worldwide financial crisis sent the U.S. economy into a tailspin.

The final details proved nettlesome as Trump administration officials continued negotiations deep into the night. It includes for families an additional $500 per child.

He said the package is the first step to restoring "confidence and stability" to the economy, stating he hoped the country would reopen "very soon". She said leaders pledged to give 24 hours' notice ahead of the vote and said on CNN "we can take a voice vote if someone calls for a recorded vote then we're prepared to go in that direction as well".

Later, Trump appeared to retreat from that goal at a news conference alongside Fauci.

Will the bill fix the economy and fully address the pandemic? .

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